Cyber Liability Insurance
Cyber liability insurance, also known as cyber insurance or cyber risk insurance, is a type of insurance that helps businesses transfer financial liability for cybersecurity and privacy events. These events may include cyberattacks, data breaches, cyberterrorism, and regulatory violations. Cyber liability insurance may help cover costs associated with these events, such as:
- Lost income
- Notifying customers
- Recovering compromised data
- Repairing damaged systems
- Litigation expenses
- Regulatory defense expenses
Cyber Contact
Tara Higgins
Director of Member Services
Email: tara@piaoflouisiana.com
Phone: 225-766-7770
PIA of Louisiana Cyber Products
PIA of Louisiana has two cyber products available to PIA of Louisiana members for purchase, and also to sell to their own clients.
*All coverage varies by company and risk. Check with PIA to ensure we are pursuing the coverage you desire.
Cyber through PIA of Louisiana Partner
Cyber through PIA National Partner
62 percent of all cyber attacks hit small and mid-sized businesses. That's why PIA created a cyber insurance program tailor made for PIA members and their small and mid-sized business clients. And while it's great for agents to sell, it's so easy for agents to buy you'll never shop for cyber any other way again.
PIA has partnered with ABA Insurance Services and selected Great American Insurance Company (rated A+ by A.M. Best) as the premier carrier for the PIA cyber insurance program.
Coverage Details:
The PIA enhanced cyber insurance policy covers both first and third party loss. Coverage includes:
- Social Engineering
- Fraudulent Funds Transfer
- Ransomware/Extortion
- Business Interruption
- Data Breach/Privacy
- Network Security
- Media Liability
See how PIA cyber insurance can protect your agency from cyber exposures in these seven coverage areas.
IA Policy Enhancements
In addition to the seven coverage parts listed above, PIA and ABAIS have worked with Great American Insurance Company to provide PIA members with the following policy enhancements:
- Expanded definition of multimedia wrongful acts – unauthorized use of website links, frames, formats, fonts, style, characters, titles.
- Coverage for HIPAA fines.
- Extended notice of Data Compromise (data breach event) from 5 to 30 days.
- Extended notice of Claim from 60 to 90 days after the end of the Policy Period.
- Extended notice of Non-Renewal from 60 to 90 days in advance of the Policy Expiration.
Questions
To learn more about the cyber products available through PIA, contact Tara Higgins at PIA at (225) 766-7770 or via email to tara@piaoflouisiana.com.
